Aeropostale (ARO) SSS Increase 25%; Guides EPS Above Previous Estimates

May 8, 2008 8:12 AM EDT

Aeropostale (NYSE: ARO) announced that total net sales for the four-week period ended May 3, 2008 increased 39% to $104.9 million, from $75.4 million for the four-week period ended May 5, 2007. The Company's same store sales increased 25% for the month, compared to a same store sales decrease of 14% in the year ago period.

For the first quarter of fiscal 2008, total net sales have increased 22% to $336.3 million, from $275.8 million in the year-ago period. Same store sales for the first quarter have increased 10%, compared to a same store sales increase of 3% last year.

The Company noted that it was very pleased with its strong performance for the month and quarter, which reflects the vitality and momentum of the Aeropostale brand. Based on the better than expected sales and gross margins for the month, the Company expects first quarter net earnings of approximately $0.25 per diluted share, versus its previously issued guidance in the range of $0.20 to $0.22 per diluted share.

Sign up at EasyStockAlerts.com & Make Money Today!

Related Categories

Earnings
Guidance
Hot List
Retail Sales

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?